Calculator: How much do I need for emergencies?

It is prudent planning to have at least three to six months of liquid/cash assets set aside in the event of a loss of job, medical emergency, short-term disability, etc. Use this calculator to help determine how much you need to set aside monthly or as a lump sum to create an emergency fund.

Assumptions

Current gross monthly income ($)

Current emergency funds available ($)

Number of months for fund to last

Before tax return on savings: (%)

Marginal tax bracket: (%)

Number of months to accumulate funds

Expenses

Total monthly living expenses, if plan to itemize below then leave at 0. ($)